Jeremy Hunt, new finance minister promises ‘tough decisions’
Britain’s new finance minister, barely appointed by Liz Truss, Jeremy Hunt, announced on Saturday 15 October that ‘Hard decisions’ It had to be taken to correct the prime minister’s economic plan.
“The finance minister can’t control the markets, but what I can do is show that we can fund our tax and spending plans and that’s going to make some very difficult decisions.”Mr Hunt told Sky News.
Chancellor Jeremy Hunt admits there have been errors in the mini-budget and that… https://t.co/8YPIFUD5Qh
Jeremy Hunt has been appointed to replace Kwasi Quarting, against the backdrop of an economic and financial crisis that led to a political crisis within the Conservative Party. This close friend of Rishi Sunak, former finance minister to Boris Johnson and opponent of Liz Truss in the Downing Street campaign, has the task of taking on the mini-budget announced by his predecessor on September 23 and received so poorly by the markets. , a good part of the Conservative Party and the British population.
He felt it ” mistakes “ In this mini budget that provides for huge spending and tax cuts without obvious funding. Prime Minister admitted [ces erreurs]That’s why I’m here”he said, adding that he shares “The Basics” of its economic project.
“There have been some mistakes in the past few weeks, which is why I am sitting here,” says advisor Jeremy Hunt mis… https://t.co/i1FyZvoqHB
series of transformations
“I want to be honest with people: we have difficult decisions, the last few weeks have been very difficult”He insisted during his first public speech as Treasury Secretary. In particular, he announced that “Spending won’t increase as much as people want” And he will ask “All ministerial departments to be more efficient”. “Some taxes won’t be reduced as quickly as people want.”And the “You will increase some taxes”, He added, in special reference to the new franchise announced Friday by Liz Truss.
The prime minister had to forgo keeping the corporate tax rate at 19%, resigning herself to keep the increase to 25% planned by the previous Conservative government. Two weeks ago, it already had to give up tax cuts for the richest families, in a confrontation that provoked Bronca, including within the Conservative Party.
“Obviously some parts of our micro-budget were going too far and too fast compared to what the markets had expected.”M acknowledged.I Truss at a brief news conference in the early afternoon, before announcing her intention to raise corporate tax as planned by the previous Conservative government. But she also said to herself ‘Totally designed to hold on’ promise to‘stronger growth’ for the UK economy.
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